Wealth effect of technological innovations on supply chains: An event study

The study conducted by the authors analyzed economic parameters related to the supply chain, in other words, test the wealth impact of the foundry that announce technology innovations (TI). And further, two key topics are including: the first one is the immediate impact of TI on the foundry¿s return...

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Bibliographic Details
Main Authors: Chao-Chen Hsieh, Jun-Zhi Chiu
Format: Conference Proceeding
Language:English
Subjects:
Chaos
Costs
event study
Foundries
Industrial relations
Innovation management
Supply chain management
Supply chains
Technological innovation
technology innovation
Technology management
Testing
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Summary:The study conducted by the authors analyzed economic parameters related to the supply chain, in other words, test the wealth impact of the foundry that announce technology innovations (TI). And further, two key topics are including: the first one is the immediate impact of TI on the foundry¿s return on stock price, and the second one is its subsequent impacts on its partners on the supply chain. The results indicate that the immediate impacts of TI on foundry¿s return on stock price. As well as, on average, announcements of technology innovation are associated with positive excess returns. And the economic worth impacts had a relatively short time interval which is from (-10; 10) to (-2; 2) due to the technology transience over the industry.
ISSN:2157-3611
2157-362X
DOI:10.1109/IEEM.2008.4738154